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German GDP slumps 0.6 per cent in Q4

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CITY A.M. REPORTER

The German economy shrank in the last three months of 2012, with a plunge in exports driving the contraction.

Seasonally adjusted data from the Federal Statistics Office confirmed an earlier flash estimate showing that German GDP fell by a more-than-expected 0.6 per cent in the last quarter of the year.

It marks the biggest fall since the economy contracted by 4.1 per cent at the start of 2009.

Foreign trade deducted 0.8 per cent from GDP while domestic demand added 0.2 per cent.

The data showed that exports dropped by two per cent in the fourth quarter while imports fell by 0.6 per cent, boding ill for struggling Eurozone states that had hoped to offload more of their goods on Germany, where rising wages, high employment and moderate inflation have boosted domestic demand.

CATEGORY: Places of Worship


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Aldersbrook Baptist Church All Hallows C Of E Church All Saints Church Poplar Angel Baptist Church
Apostolic Pillar of Faith Church B Narayan Barclay Christian Centre Believers Tabernacle
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Bow Baptist Church Brickfields Christian Centre Calvary Charismatic baptist Church Cambridge Park Methodist Church
Cann Hall & Harrow Green Baptist Church Catholic Parish of Our Lady & St.George Cherubim & Seraphim Church Christ & St John With St Luke Church
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Christian Life Church Of God Churchill Box Co (London) Ltd Clapton Park Methodist Church
Coverdale & Ebenezer Congregational Church Dalston Methodist Church Dashmesh Darbar Sikh Temple Downs Road Methodist Church
Ealin Pentecostal Church East Ham Congregational & Methodist Church East London Tabernacle Eastside Community Heritage
Elim Pentecostal Church Emmanuel Parish Church English Martyrs R C Church Esha Atul Islam Mosque & Community Centre
Exoudus Gospel Promotions Temple Of Truth First Church of Christ Scientist Chingford Frampton Park baptist Church Full Gospel Hall
Gainsborough Christian Fellowship Gateway Church Leyton German Catholic Parsish Glory Bible Church Leyton
Glory Bible Church The God's Time Ministries Trust Gospel Faith Mission Inter' Grange Park United Reformed Church
Greek Orthodox Church of St.John the Theologian Grove Green Road Methodist Church Guardian Angels R C Church Gurdwara Sikh Sangat
Hackney & East London Synagogue Hackney Marsh Partnership Hackney Pentecostal Apostolic Church Hampden Chapel Assemblies of God Pentecostal Church
Handsworth Avenue Methodist Church Hermon Hill Methodist Church High Praises Ministries Higham Hill Ecumenical Project
Highams Park & Chingford Synagogue Highams Park Baptist Church Hindu Centre Holy Name & Our Lady of the Sacred Heart Rc Church
Holy Redeemer & St Markes C Of E Church Holy Trinity & St. Augustine of Hippo Church Holy Trinity C of E Church Holy Trinty C Of E Church
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Jehovah's Witnesses Keir Hardie Methodist Church Kings Temple Kingsway International Christian Centre
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Mathews Memorial Methodist Church Methodist Church Methodist Church Hackney Mission Ministry of Restoration